Caledonia (private) Investments Pty Ltd adds TrueCar Inc (TRUE) to its portfolio

TrueCar Inc (TRUE) : Caledonia (private) Investments Pty Ltd added new position in TrueCar Inc during the most recent quarter end. The investment management firm now holds 1,807,976 shares of TrueCar Inc which is valued at $19,381,503 , the company said in a statement filed on Aug 12, 2016 with the SEC.TrueCar Inc makes up approximately 0.82% of Caledonia (private) Investments Pty Ltd’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates sold out all of its stake in TRUE during the most recent quarter. The investment firm sold 18,090 shares of TRUE which is valued $193,925.Blackrock Fund Advisors boosted its stake in TRUE in the latest quarter, The investment management firm added 112,079 additional shares and now holds a total of 1,283,810 shares of TrueCar Inc which is valued at $13,762,443.State Board Of Administration Of Florida Retirement System boosted its stake in TRUE in the latest quarter, The investment management firm added 881 additional shares and now holds a total of 20,538 shares of TrueCar Inc which is valued at $210,104. Nisa Investment Advisors added TRUE to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $8,660.

TrueCar Inc opened for trading at $9.26 and hit $9.725 on the upside on Monday, eventually ending the session at $9.5, with a gain of 2.48% or 0.23 points. The heightened volatility saw the trading volume jump to 9,53,169 shares. Company has a market cap of $804 M.

On the company’s financial health, TrueCar Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $66.42 million for the quarter, compared to analysts expectations of $65.41 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on TrueCar Inc. Loop Capital Initiated TrueCar Inc on Aug 11, 2016 to “Hold”, Price Target of the shares are set at $11.

TrueCar Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure powered by data and analytics. The Company operates its Company-branded platform on its Website. In addition it customizes and operates its platform on a co-branded basis for its affinity group marketing partners including financial institutions such as USAA and American Express; membership-based organizations such as Consumer Reports AARP and AAA and employee buying programs for enterprises such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers known in the industry as original equipment manufacturers (OEMs) to connect with TrueCar users in the purchase process.

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